ISLAMABAD (Agencies): In a significant move towards fiscal responsibility, Prime Minister Shehbaz Sharif and members of the federal cabinet have decided to voluntarily waive their salaries and perks. This decision is part of the government’s commitment to promoting austerity.

The decision was reached during a cabinet meeting chaired by the prime minister. The meeting covered various agenda items, including a briefing on the Staff Level Agreement with the International Monetary Fund (IMF) and the establishment of the PIA Holding Company.

Federal Finance Minister Muhammad Aurangzeb provided insights into the IMF agreement, emphasizing its potential to improve the national economy and boost investor confidence.

Additionally, the federal cabinet approved the formation of the PIA Holding Company, marking a significant step towards the privatization of Pakistan International Airlines (PIA).

In a solemn moment, the cabinet members also expressed their unwavering commitment to eliminating terrorism within the country. They offered Fateha for the martyrs of a recent terrorist attack in the Mir Ali area of North Waziristan, paying tribute to their sacrifice.

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